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Debt and Equity Securities for Jodelie Odelie Company

See the attached file.
Jodelie Odelie Company has a fairly large portfolio of both debt and stock securities. Here's the portfolio at the beginning of 2009.
All securities were purchased on the first day of the year.

DEBT SECURITIES
FMV at Stated Effective Interest
Security Type Company Purch Price Face Value 12/31/09 # of bonds Rate Rate Term pmts
Available-for-Sale Flintstone & Jetson 42,000.00 45,000.00 43,150.00 450 8% 9.715% 5-yr semi
Held-to-Maturity Scooby Doo 46,007.29 50,000.00 45,500.00 100 6% 8% 5-yr annual
Trading Wile E Coyote 211,950.39 200,000.00 210,000.00 400 12% 11% 10-yr semi

EQUITY SECURITIES Investee's Total
Purchase End of Year 2009 Net Cash Dividends
Security Type Company Purch Price Price/share FMV/share # of shares Income/(Loss) Rec'd 9/15/09
Equity AFS, 10% Bugs & Thugs* 750,000.00 15.00 13.00 50,000 3,050,100 110,000
Equity AFS, 12% Popeye, Olive & Brutus 750,000.00 150.00 160.00 5,000 450,000 20,000
Equity 30% ownership Betty Boop & Pals 50,000,000.00 25.00 28.00 2,000,000 (100,000) 0
Equity 65% ownership Arlo & Janis Industries 145,600,000.00 28.00 22.50 5,200,000 2,894,700 356,800
.
a) Prepare amortization tables for 2009 as needed (include cents, do not round to the dollar).

FMV at Stated Effective Interest
Security Type Company Purch Price Face Value 12/31/09 # of bonds Rate Rate Term pmts
Available-for-Sale Flintstone & Jetson 42,000.00 45,000.00 43,150.00 450 8% 9.715% 5-yr semi
Held-to-Maturity Scooby Doo 46,007.29 50,000.00 45,500.00 100 6% 8% 5-yr annual
Trading Wile E Coyote 211,950.39 200,000.00 210,000.00 400 12% 11% 10-yr semi

Flintstones Carrying value on 7/1/12 should be 43,946.85

Scooby Carrying value on 1/1/13 should be 49,074.07

Wile Coyote Carrying value on 7/1/18 should be 200,947.89

b) Prepare the journal entries to record the purchase, interest payments, revenue, and year-end adjustments for the debt securities for 2009.
Label each entry as "purchase," "revenue," or "year-end FMV adj."

FMV at Stated Effective Interest
Security Type Company Purch Price Face Value 12/31/09 # of bonds Rate Rate Term pmts
Available-for-Sale Flintstone & Jetson 42,000.00 45,000.00 43,150.00 450 8% 9.715% 5-yr semi
Held-to-Maturity Scooby Doo 46,007.29 50,000.00 45,500.00 100 6% 8% 5-yr annual
Trading Wile E Coyote 211,950.39 200,000.00 210,000.00 400 12% 11% 10-yr semi

Flintstones & Jetson
Purchase

Revenue

Year-End Adjustment should be 658.03

Scooby Doo
Purchase

Revenue

Year-End

Wile E Coyote
Purchase

Revenue

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Jodelie Odelie Company has a fairly large portfolio of both debt and stock securities. Here's the portfolio at the beginning of 2009.
All securities were purchased on the first day of the year.

DEBT SECURITIES
FMV at Stated Effective Interest
Security Type Company Purch Price Face Value 12/31/09 # of bonds Rate Rate Term pmts
Available-for-Sale Flintstone & Jetson 42,000.00 45,000.00 43,150.00 450 8% 9.715% 5-yr semi
Held-to-Maturity Scooby Doo 46,007.29 50,000.00 45,500.00 100 6% 8% 5-yr annual
Trading Wile E Coyote 211,950.39 200,000.00 210,000.00 400 12% 11% 10-yr semi

EQUITY SECURITIES Investee's Total
Purchase End of ...

Solution Summary

The solution discusses debt and equity securities for Jodelie Odelie Company.

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